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Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
01:30 Japan Labor Cash Earnings, YoY December +0.1% +1.6% +1.6%
01:45 China HSBC Services PMI January 53.4 51.8
08:50 France Services PMI (Finally) January 49.5 49.5 49.3
08:55 Germany Services PMI (Finally) January 52.7 52.7 54.0
09:00 Eurozone Services PMI (Finally) January 52.3 52.3 52.7
09:30 United Kingdom Purchasing Manager Index Services January 55.8 56.6 57.2
10:00 Eurozone Retail Sales (MoM) December +0.7% Revised From +0.6% -0.1% +0.3%
10:00 Eurozone Retail Sales (YoY) January +1.6% Revised From +1.5% +2.8%
The U.S. dollar traded mixed against the most major currencies ahead of the U.S. economic data. The U.S. economy is expected to add 221,000 jobs in January, according to the ADP employment report.
The ISM non-manufacturing purchasing managers' index is expected to rise to 56.6 in January from 56.2 in December.
The euro traded lower against the U.S. dollar despite the mostly better-than-expected economic data from the Eurozone. Retail sales in the Eurozone rose 0.3% in December, beating expectations for a 0.1% decrease, after a 0.7% gain in November. November's figure was revised up from a 0.6% rise.
On a yearly basis, retail sales in the Eurozone surged 2.8% in December, after a 1.6% increase in November. November's figure was revised up from a 1.5% gain.
Eurozone' final services purchasing managers' index (PMI) climbed to 52.7 in January from a preliminary reading of 52.3. Analysts had expected the final index to remain at 52.3.
Germany's final services PMI rose to 54.0 in January from a preliminary reading of 52.7. Analysts had expected the final index to remain at 52.7.
France's final services PMI decreased to 49.3 in January from a preliminary reading of 49.5. Analysts had expected the final index to remain at 49.5.
Concerns over Greece's bailout policy weighed on the euro.
The British pound increased against the U.S. dollar after the better-than-expected services data from the U.K. Markit's and the Chartered Institute of Purchasing & Supply's services purchasing managers' index (PMI) for the U.K. climbed to 57.2 in January from 55.8 in December, exceeding expectations for a rise to 56.6.
The Canadian dollar traded lower against the U.S. dollar ahead of Canadian Ivey purchasing managers' index. The Ivey purchasing managers' index is expected to increase to 55.9 in January from 55.4 in December.
EUR/USD: the currency pair declined to $1.1435
GBP/USD: the currency pair rose to $1.5244
USD/JPY: the currency pair decreased to Y117.23
The most important news that are expected (GMT0):
13:15 U.S. ADP Employment Report January 241 221
15:00 Canada Ivey Purchasing Managers Index January 55.4 55.9
15:00 U.S. ISM Non-Manufacturing January 56.2 56.6
|remaining time till the new event being published|